Israel’s Ministry of Economy and Industry has defeated the Finance Ministry in a dispute about imposing offsets on the country’s metro project. A reciprocal procurement policy is ineffective, the Finance Ministry insisted.
A member of Indonesia’s National Committee for Economy and Industry (KEIN) has confirmed an open secret. The Komite Kebijakan Industri Pertahanan (KKIP), or Defence Industry Policy Committee, lacks personnel to monitor whether foreign suppliers discharge obligations. Instead it relies on the Secretariat at the MoD...
The Times has reported that the UK will give Greece HMS Monmouth and HMS Montrose, two Type 23 Frigates vessels, as part of efforts to “sweeten a deal” to sell the Greek Navy the Type 31 design. The “aged and retiring warships” are to be offered to the Hellenic Navy to help Babcock International win a multibillion-pound deal to build new frigates and upgrade the Hellenic fleet.
The 25th Annual Report to Congress on the impact of offsets in the defence trade shows that the total volume of offsets involving U.S. defence companies during 2019 was above the historic average. The number of offset contracts and transactions, however, was the lowest ever collected.
Lockheed Martin’s quarterly report has shown the effect of U.S. sanctions on Turkish suppliers: they continue to produce components for the F-35 programme, some of which are single-sourced... Lockheed also has a number of contracts with Turkish industry for the Turkish Utility Helicopter Programme. “We...provided force majeure notices under certain contracts related to TUHP.”